The Beneficial Ownership Information Reporting Rule is a federal regulation that requires certain entities to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). This rule is part of the Anti-Money Laundering Act of 2002 and is intended to help prevent money laundering and terrorist financing.

The rule also requires entities to report information about their legal representatives, such as officers, directors, and managers.

The Beneficial Ownership Information Reporting Rule is designed to help law enforcement agencies identify and investigate individuals who may be involved in money laundering or terrorist financing. By requiring entities to report information about their beneficial owners, the rule helps to prevent these crimes from occurring.